Axalta Coating Systems Ltd. (NYSE:AXTA) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Axalta Coating Systems Ltd. (NYSE:AXTA) have been given a consensus rating of “Hold” by the nineteen brokerages that are currently covering the stock, MarketBeat.com reports. Twelve research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $35.5625.

Several research analysts have weighed in on AXTA shares. KeyCorp reissued a “sector weight” rating on shares of Axalta Coating Systems in a report on Wednesday, October 29th. JPMorgan Chase & Co. reduced their price target on shares of Axalta Coating Systems from $30.00 to $29.00 and set a “neutral” rating on the stock in a research report on Thursday, October 30th. Mizuho lowered their price objective on Axalta Coating Systems from $35.00 to $33.00 and set an “outperform” rating for the company in a report on Friday, October 3rd. Robert W. Baird restated a “neutral” rating and set a $35.00 price objective (down previously from $42.00) on shares of Axalta Coating Systems in a research note on Wednesday, January 7th. Finally, Citigroup increased their target price on Axalta Coating Systems from $35.00 to $37.00 and gave the stock a “buy” rating in a report on Thursday, December 18th.

Axalta Coating Systems Trading Down 0.3%

NYSE:AXTA opened at $33.62 on Friday. The stock has a market cap of $7.17 billion, a price-to-earnings ratio of 16.08, a price-to-earnings-growth ratio of 1.37 and a beta of 1.29. Axalta Coating Systems has a one year low of $26.28 and a one year high of $38.37. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.59 and a current ratio of 2.20. The business’s 50-day simple moving average is $31.61 and its 200 day simple moving average is $30.15.

Axalta Coating Systems (NYSE:AXTA) last posted its quarterly earnings data on Tuesday, October 28th. The specialty chemicals company reported $0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.64 by $0.03. The company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $1.31 billion. Axalta Coating Systems had a return on equity of 24.92% and a net margin of 8.81%.Axalta Coating Systems’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.59 EPS. As a group, sell-side analysts predict that Axalta Coating Systems will post 2.55 earnings per share for the current fiscal year.

Institutional Trading of Axalta Coating Systems

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Personalized Indexing Management LLC lifted its holdings in Axalta Coating Systems by 2.6% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 14,386 shares of the specialty chemicals company’s stock worth $427,000 after acquiring an additional 368 shares during the last quarter. Louisiana State Employees Retirement System raised its position in shares of Axalta Coating Systems by 0.7% during the 2nd quarter. Louisiana State Employees Retirement System now owns 61,500 shares of the specialty chemicals company’s stock worth $1,826,000 after purchasing an additional 400 shares during the period. State of Michigan Retirement System raised its position in shares of Axalta Coating Systems by 0.8% during the 2nd quarter. State of Michigan Retirement System now owns 52,600 shares of the specialty chemicals company’s stock worth $1,562,000 after purchasing an additional 400 shares during the period. Global Retirement Partners LLC lifted its holdings in shares of Axalta Coating Systems by 4.2% in the 3rd quarter. Global Retirement Partners LLC now owns 11,478 shares of the specialty chemicals company’s stock worth $328,000 after purchasing an additional 464 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in Axalta Coating Systems by 42.9% during the 4th quarter. GAMMA Investing LLC now owns 1,678 shares of the specialty chemicals company’s stock valued at $54,000 after purchasing an additional 504 shares during the period. 98.28% of the stock is owned by institutional investors and hedge funds.

About Axalta Coating Systems

Axalta Coating Systems is a global leader in the development, manufacture and sale of liquid and powder coatings. The company’s product portfolio spans refinish coatings for the automotive collision repair market, original equipment manufacturer (OEM) coatings for new vehicle production, and industrial coatings including electrodeposition (E-coat) and powder coatings for a variety of sectors such as architecture, heavy equipment and general industrial applications.

Tracing its roots to the 19th century and rebranded as Axalta following its separation from DuPont Performance Coatings in 2013, the company has built a presence in more than 100 countries.